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My EA Gift to Traders

  • #881
  • Mar 23, 2015 11:08am Mar 23, 2015 11:08am
Quoting Dave_C
By the way, I am working on a windows program to improve back testing and optimization. Here is a sneek peek. {image}
Where download the Strategy Optimizer?
Thanks!
  • #882
  • Mar 23, 2015 11:22am Mar 23, 2015 11:22am
Hi Dave,

As per our email exchange, I will post here a public request for you to add a partial closure function to the EA. This feature would allow traders to close portions of a trade at different take-profit levels. Additionally, I personally would like the function to allow a choice of stop methods for each portion of the trade. For example, one portion might use a fixed stop and the other a trailing stop. If your strategy has a positive edge, the use of more than one stop method can help smooth your equity curve and reduce drawdown.

To other readers of this thread, Dave queried the thread for interest in partial closure some time ago and nobody responded. However, he has told me that he will still consider adding it depending on the level of interest. If you are interested in having a partial closure function added to Traders Gift, please respond to this post and let Dave know.

Kind regards,
drofwarc
  • #883
  • Mar 24, 2015 2:18am Mar 24, 2015 2:18am
Quoting drofwarc
Hi Dave, As per our email exchange, I will post here a public request for you to add a partial closure function to the EA. This feature would allow traders to close portions of a trade at different take-profit levels. Additionally, I personally would like the function to allow a choice of stop methods for each portion of the trade. For example, one portion might use a fixed stop and the other a trailing stop. If your strategy has a positive edge, the use of more than one stop method can help smooth your equity curve and reduce drawdown. To other...
Can you detail what you are looking for?
  • #884
  • Mar 24, 2015 9:23am Mar 24, 2015 9:23am
Quoting Dave_C
{quote} Can you detail what you are looking for?
Hi Dave,

Yes, I would like the option to manage a trade in two portions.

Portion 1: ability to set a fixed take profit and fixed stop based on pips.
Portion 2: ability to set a fixed take profit and trailing stop based on pips

That's the basic functionality I'm looking for.

In addition, if it doesn't cause too much confusion in the settings, I would like to be able to determine the percent each trade portion represents of the trade as a whole. So, for example, I might set portion 1 to 50% and portion 2 to 50%. Or I might set portion 1 to 75% and portion 2 to 25%.

I hope this is clear.

Thanks for considering adding this capability to the EA.

drofwarc
  • #885
  • Mar 24, 2015 9:51am Mar 24, 2015 9:51am
Dave, your EA and success are great! I have been trading using the OOTB settings on the pairs and strategies in the setfile folder, but am not having the same success. Can you tell me are you tweaking your pairs you are trading on and the setfiles a bit?

I d recognize that brokers can make all the difference. I use Forex.com in the US.

Thanks for any input everyone.

SD
  • #886
  • Mar 24, 2015 12:04pm Mar 24, 2015 12:04pm
Quoting drofwarc
Hi Dave, As per our email exchange, I will post here a public request for you to add a partial closure function to the EA. This feature would allow traders to close portions of a trade at different take-profit levels. Additionally, I personally would like the function to allow a choice of stop methods for each portion of the trade. For example, one portion might use a fixed stop and the other a trailing stop. If your strategy has a positive edge, the use of more than one stop method can help smooth your equity curve and reduce drawdown. To other...
I think you're saying that if there's a position open, close half or so after it reaches the target, then let the others ride? I'd be open to this idea. Depends on Dave of course, if this is complex or not.

It could be something like if your TP is at 150pips, when target is reached close 60% (or whatever), and let 40% ride? Where would the SL be for this remaining 40%? To the trailing SL that has been on since the position was opened?

I like this concept.
  • #887
  • Mar 24, 2015 12:53pm Mar 24, 2015 12:53pm
Quoting m00jiman
{quote} I think you're saying that if there's a position open, close half or so after it reaches the target, then let the others ride? I'd be open to this idea. Depends on Dave of course, if this is complex or not. It could be something like if your TP is at 150pips, when target is reached close 60% (or whatever), and let 40% ride? Where would the SL be for this remaining 40%? To the trailing SL that has been on since the position was opened? I like this concept.
Hi m00jiman,

What I'm going for looks like the chart below after the trades have closed. Notice that for each trade, there are two separate partial trades plotted. That's the reason I've been describing it as two trades. From a coding perspective, it may be a matter of writing the logic as you described - that is, closing a partial lot at a predetermined fixed target and letting the other half ride.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
  • #888
  • Edited Mar 25, 2015 1:48am Mar 24, 2015 3:38pm | Edited Mar 25, 2015 1:48am
Quoting sdoppke
Dave, your EA and success are great! I have been trading using the OOTB settings on the pairs and strategies in the setfile folder, but am not having the same success. Can you tell me are you tweaking your pairs you are trading on and the setfiles a bit? I d recognize that brokers can make all the difference. I use Forex.com in the US. Thanks for any input everyone. SD
The settings being used are as published on Post #1 and the Trade Explorers on my profile have not been tweaked. The only tweaking that has occurred was with the Trading Concept published as the 2nd entry on the top of each page which on -

Week 1 ran on a daily +- 100 for break even at end of week.
Week 2 ran on a daily +- 150 for a net loss of 150.
Week 3 ran on a daily +- 200 for a net gain of $1000.

This week the Traders Concept is running continuously and so far with a loss. The only caveat I would add is that continuous trading started on Monday and in the Asian session which I have mentioned in a previous post are both times to avoid opening EA's, but was opened for continuity. I do expect the EA to recover. If you look at the 3 separate concepts which have been running continuously since Week 1 with the published settings, all are in profit.

I have a similar setup with 3 different strategies over 7 currency pairs running continuously for the last 2 weeks which is $2326 in profit (enclosed)

If you are not getting those results, I would try another Broker.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-24 20_35_40-2012502_ GlobalPrime-Demo - Demo Account - [AUDUSD,M15].jpg Size: 348 KB
  • #889
  • Mar 25, 2015 1:53am Mar 25, 2015 1:53am
I have now added the combined strategies from the above chart to my profile page.
  • #890
  • Mar 25, 2015 1:34pm Mar 25, 2015 1:34pm
Hi Dave
On the above chart are you testing different strategies or have you just not changed the comments field as it appears you are using MACD_RSI, RSI and BBands which are different to the traders concept.

Also if you could give a bit more incite into optimization as i have now downloaded your minute data and have been trying to run optimization over a 3 month period and then running the optimized strategy for the 4 month to see if it would have worked I am only on the AUDUSD pair so far but am struggling to find good optimization.

But then i suppose seeing as I am using the CloseTrade EA as well there is no real way of knowing, what looks unprofitable when the strategy is let run could end up profitable when controlled by the CloseTrade EA.

I will keep plugging away.
Attached Image
  • #891
  • Edited 4:55pm Mar 25, 2015 3:25pm | Edited 4:55pm
Quoting nobby911
Hi Dave On the above chart are you testing different strategies or have you just not changed the comments field as it appears you are using MACD_RSI, RSI and BBands which are different to the traders concept. Also if you could give a bit more incite into optimization as i have now downloaded your minute data and have been trying to run optimization over a 3 month period and then running the optimized strategy for the 4 month to see if it would have worked I am only on the AUDUSD pair so far but am struggling to find good optimization. But then i...
I am testing different strategies as per the comments on the above chart. The EA is still the same but I started a test on the 9th March and let all strategies run continuously from the beginning.

My own observations to date are summed up very briefly.

No opening trades on Mondays.
No opening trades outside of Euro and US Sessions.
Minimum 1 hourly charts
Indicators RSI MACD EMA & BBands with Candle, Volume filters.
Use Money management - SL Multiple, TP Multiple, MinPipGain, BreakEven, DecrStopLoss

I will investigate pairs outside the majors in the coming weeks as the technicals may have more meaning than the fundamentals as the economic relationships are not defined.

The Strategy Optimizer program which I mentioned in Post #860 is 70% complete and employs are much better genetic optimization algorithm than MT4 and removes the need to use tick data because it uses the most pessimistic data for back test, that is, it looks at the lows and highs of each candle for Stop Loss on buy and sell trades respectively before any considerations of Take Profit. Because trades are only opened after candle closure this method is sound. A typical run on the last 3 months data on an hourly chart with all money management factors above and 2 strategies combined and one filter typically takes about 3 minutes. I am hopeful of providing a beta version in about 1 week. The program will read and write .set files and give much more graphical information.

In conjunction with the windows program, I propose to introduce up to 3 sets of each strategy to be used (as in triple EMA, triple MSI, triple MACD, triple STOC and so on) and up to 3 phases of trade closure. The on screen presentation will be vastly improved and thus the EA will appear to be much less complicated. With optimization, I have removed the step value since this is determined automatically by the method of genetic optimization. In conjunction with the list of trades, I intend to show the relevant portion of the trading chart by a click of the trade transaction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-03-26 07_54_18-StrategyOptimizer (Running) - Microsoft Visual Basic 2010 Express.jpg Size: 127 KB
Click to Enlarge Name: 2015-03-26 07_00_53-StrategyOptimizer - Microsoft Visual Basic 2010 Express.jpg Size: 93 KB
  • #892
  • Edited 7:08pm Mar 25, 2015 3:45pm | Edited 7:08pm
Both the Traders Concept and the new combined strategies (below) performed well during the Euro and US sessions.

Traders Concept gained around $1100 which I foreshadowed and the new strategies gained around $300.

Post #888 refers.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-25 20_37_12-2012502_ GlobalPrime-Demo - Demo Account - [AUDUSD,M15].jpg Size: 336 KB
  • #893
  • Mar 25, 2015 4:17pm Mar 25, 2015 4:17pm
Quoting Dave_C
{quote} I am testing different strategies as per the comments on the above chart. The EA is still the same but I started a test on the 9th March and let all strategies run continuously from the beginning. My own observations to date are summed up very briefly. No opening trades on Mondays. No opening trades outside of Euro and US Sessions. Minimum 1 hourly charts Indicators RSI MACD EMA & BBands with Candle, Volume filters. Use Money management - SL Multiple, TP Multiple, MinPipGain, BreakEven, DecrStopLoss I will investigate pairs outside the majors...
Amazing work - I can't wait to see it in action!
  • #894
  • Mar 25, 2015 4:17pm Mar 25, 2015 4:17pm
Quoting Dave_C
I have now added the combined strategies from the above chart to my profile page.
Your EA can use under MT5?
  • #895
  • Mar 25, 2015 5:52pm Mar 25, 2015 5:52pm
Hi Dave
The Strategy Optimizer program is looking brilliant can't wait to try it.
I will leave most of my optimization testing until this is ready. I might just play around with time of day settings.
  • #896
  • Mar 25, 2015 6:23pm Mar 25, 2015 6:23pm
Quoting albb205
{quote} Your EA can use under MT5?
It hasn't been tested but let me know.
  • #897
  • Mar 25, 2015 9:39pm Mar 25, 2015 9:39pm
Quoting Dave_C
{quote} I am testing different strategies as per the comments on the above chart. The EA is still the same but I started a test on the 9th March and let all strategies run continuously from the beginning. My own observations to date are summed up very briefly. No opening trades on Mondays. No opening trades outside of Euro and US Sessions. Minimum 1 hourly charts Indicators RSI MACD EMA & BBands with Candle, Volume filters. Use Money management - SL Multiple, TP Multiple, MinPipGain, BreakEven, DecrStopLoss I will investigate pairs outside the majors...
Where did you get the Strategy Optimizer program? Thanks!
  • #898
  • Mar 25, 2015 10:17pm Mar 25, 2015 10:17pm
Quoting albb205
{quote} Where did you get the Strategy Optimizer program? Thanks!
If you read Post #891, you will realise that I haven't completed it yet.
  • #899
  • Mar 26, 2015 2:34am Mar 26, 2015 2:34am
Please have a good read of Post #891 and give me your comments!
  • #900
  • Mar 26, 2015 2:41am Mar 26, 2015 2:41am
Good work on the EA
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